Ball Co. (NYSE:BALL) Position Reduced by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Ball Co. (NYSE:BALL) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,244 shares of the company’s stock after selling 1,495 shares during the period. Amalgamated Bank’s holdings in Ball were worth $3,796,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BALL. Federated Hermes Inc. raised its holdings in shares of Ball by 0.9% during the second quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after purchasing an additional 162 shares during the period. Fifth Third Bancorp lifted its holdings in Ball by 2.0% in the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after acquiring an additional 174 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Ball by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock valued at $2,304,000 after acquiring an additional 175 shares during the period. SYSTM Wealth Solutions LLC raised its position in shares of Ball by 0.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 26,470 shares of the company’s stock worth $1,783,000 after purchasing an additional 179 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of Ball by 17.0% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of recent research reports. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Wednesday, August 14th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Citigroup reduced their price target on shares of Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, July 8th. Wells Fargo & Company lowered their price objective on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada cut their target price on Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average price target of $70.83.

Ball Stock Performance

Shares of BALL stock opened at $66.31 on Monday. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 1.64 and a beta of 0.88. Ball Co. has a 1-year low of $42.81 and a 1-year high of $71.32. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $63.70 and its 200-day simple moving average is $65.15.

Ball (NYSE:BALL) last released its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. On average, sell-side analysts predict that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. Ball’s dividend payout ratio is currently 6.02%.

About Ball

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.